Despite 'Mario Kart 8' Success, Nintendo Is Faltering

Nintendo's first quarter financials reveal the Wii U sales are still slumping and the company is losing money, even though Mario Kart 8, which was released at the end of May, was a success.

Mario Kart 8 sold 2.82 million units worldwide, but the Wii U only sold 510,000 units, meaning people who already owned consoles made up most of the purchases. The console continues to struggle in Japan, where only 60,000 units were sold. Total Wii U sales are up to 6.68 million worldwide since its Nov. 2012 launch.

It's not curtains for the Wii U yet; Nintendo has one other major, console-selling title out this year: Super Smash Bros. While its release date is still cryptically marked at "Holiday 2014", it could offer a major boost in Wii U sales. But beyond that, its lineup only consists of mash-up title Hyrule Warriors, which puts characters from the Legend of Zelda series into the Dynasty Warriors framework, and Bayonetta.

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